Rare investment property with 4 detached units on 10,830 square feet lot in quiet residential area. Each unit is 800-900 sq ft with 2 beds/1 bath, 1 car detached garage plus 1 additional parking space each. A 9th parking space is available and is currently rented at $25/month. Upgrades include vinyl fences in the front yard, new lawn sprinkler system on timer and bi-fold garage doors. All units have carpet, linoleum, custom wood linen and kitchen cabinets and bookcases. Each unit has a large fenced yard that is landscaped and maintained by the gardener. Two rear units include wall air conditioning units. Roofs on all 4 units and garages were redone about 10 years ago. Units are fully occupied and property has low turnover rate with only 5 turnovers in the last 10 years. Located in Garden Grove close to the 22 freeway and local schools.
Total monthly gross = $5005 (Unit 1: $1395, Units 2-4: $1195 each, 1 Parking Spot: $25)
LOCATION, LOCATION, LOCATION, COMERCIAL REAL ESTATE, CORNER LOT ON BROOKHURST AND ORANGEWOOD, THIS LISTING IS FOR THE SALE OF REAL ESTATE PROPERTY ONLY. BUSINESSES ARE NOT FOR SALE. CURRENTLY THERE ARE TWO BUSINESSES OCUPYING TWO DIFFERENT SPACES OF THE BUILDING. A BARBER SHOP AND A RETAIL SPECIALTY WOMEN'S CLOTHING STORE. PROPERTY WILL BE VACANT AT CLOSE OF ESCROW. BUILDING OVER 1900 SQFT. LOTE OVER 11,700 SQFT. PLENTY OF PARKING BOTH FRONT AND BACK. GREAT LOCATION FOR OFFICE, RETAIL OR IF FIXED UP AND MODIFIED IT COULD FIT ANY OTHER INVERSTOR'S NEEDS. SELLER FINANCING AVAILABLE. CALL AGENT FOR ADDITIONAL FINANCING TERMS AND EASY SHOWING.
This great investment property has approximately 1,525 sq. ft. of living space with 3 car garage spaces; 2 attached and 1 detached on a sizable 7,148 sq. ft. lot. Each unit has approximately 762.5 sq. ft. with 2 bedrooms and 1 bathroom. 1 of the unit s interior features a ceiling fan in each of the bedroom, recessed lighting in hallway, tile counters and wood laminate flooring for bathroom and kitchen. Free standing range and ample cabinetry in kitchen with access door to the side yard and garage rear entry door. Laundry hook ups in garage for each unit. The spacious living room has an abundant amount of natural lighting and is partially carpeted. Long Drive-way with plentiful parking space. Low maintenance yard. Brand New Roof just installed. Front unit is vacant and ready to be rented. Back Unit occupants have been there for nearly 10 years. Home is located near the 22 freeway, Westminster Gateway Shopping Center and the Garden Grove Park. 12/15/14 washer and dryer installed last week. Also, new carpet in living room of back unit.